Welcome

Headquartered in Norwalk (CT), Encina Private Credit (EPC) partners with direct lenders to provide first-out cash flow revolvers & term loans as part of a unitranche solution to private equity-sponsored borrowers.

Benefits for Our Direct Partners

Customer Focused

Capable & Reliable

Efficient

Customer Focused

  • Flexible

    As a non-bank specialty finance company, EPC is not subject to leveraged lending guidelines. We are less sensitive to the total leverage ratio of a given borrower and whether a direct lender’s term loan is structured as covenant-lite.

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    Flexible

    As a non-bank specialty finance company, EPC is not subject to leveraged lending guidelines. We are less sensitive to the total leverage ratio of a given borrower and whether a direct lender’s term loan is structured as covenant-lite.

  • Enhance Yield

    We can take a portion of first-out term loan at a compressed yield in order to enhance the direct lender’s yield on its last-out position.

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    Enhance Yield

    We can take a portion of first-out term loan at a compressed yield in order to enhance the direct lender’s yield on its last-out position.

  • No Minimum Funding

    We do not require a minimum amount of funding at closing in revolver transactions.

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    No Minimum Funding

    We do not require a minimum amount of funding at closing in revolver transactions.

  • Buyout Option

    If necessary on a given transaction, the direct lender may purchase our first-out position at par plus accrued interest (no prepayment penalty) on short notice.

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    Buyout Option

    If necessary on a given transaction, the direct lender may purchase our first-out position at par plus accrued interest (no prepayment penalty) on short notice.

Capable & Reliable

  • Reduce Operational Burden

    We take on the contingent funding obligation and the operations headache associated with the revolver while the direct lender can focus on deploying fully-funded term loans.

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    Reduce Operational Burden

    We take on the contingent funding obligation and the operations headache associated with the revolver while the direct lender can focus on deploying fully-funded term loans.

  • Scalable

    We can commit up to $125mm on a single transaction, which enables us to scale our first-out facilities over time as a given borrower grows and eliminates the need for a first-out partner on most opportunities.

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    Scalable

    We can commit up to $125mm on a single transaction, which enables us to scale our first-out facilities over time as a given borrower grows and eliminates the need for a first-out partner on most opportunities.

  • Patient & Stable Capital

    We have structured the platform so that we can take a patient buy-and-hold approach that is less impacted by regulatory changes or disruption in the broader capital markets.

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    Patient & Stable Capital

    We have structured the platform so that we can take a patient buy-and-hold approach that is less impacted by regulatory changes or disruption in the broader capital markets.

Efficient

  • Speed

    We seek to provide a “read” on any given opportunity within 48 hours and move rapidly through approval and documentation. We have designed our process to be consistent and predictable. We believe strongly that a first-out lender should not be the bottleneck in regards to a transaction closing. Most of our team members have worked together for many years at other major financial institutions and are accustomed to delivering within tight timeframes.

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    Speed

    We seek to provide a “read” on any given opportunity within 48 hours and move rapidly through approval and documentation. We have designed our process to be consistent and predictable. We believe strongly that a first-out lender should not be the bottleneck in regards to a transaction closing. Most of our team members have worked together for many years at other major financial institutions and are accustomed to delivering within tight timeframes.

  • Programmatic Approach

    Our objective is to establish programmatic arrangements with direct lenders and sponsors by negotiating a master Agreement Among Lenders once and then using the same form for each subsequent transaction.

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    Programmatic Approach

    Our objective is to establish programmatic arrangements with direct lenders and sponsors by negotiating a master Agreement Among Lenders once and then using the same form for each subsequent transaction.